Bare ActsThe Odisha Port Trust Act, 1962

Section 118

Amendment status not verified — confirm the current text below against the official source.

(1) If, at any time, in the opinion of Govern- Govcmncn~ ment the works intended to be executed by the Board ro t+C por3css,oo under this Act have not been, and are nor likely to of worksand be properly carried out or maintained by the Board, cancel powers of they may give six months notice, by order published Board. in the official Gazette, that unless, within that period, the Board takes measures, to their satisfaction for the carrying out 3r maintenance of the said works, the powers by this Act conferred on the Board shall, at the end of such period, be withdrawn or revoked. (2) Ir, at the end of such period the Board fails to take such measures. Government may assume pclssession and management of the works already constructeri and may, by a like notification, declare the powers of the Board to be withdrawn or revoked and upon publication cf such modification, all immov- abIe and movable property, all rights of levying and recovering rates and'penalties, all benefit of contracts, and all rights of suit which at the time are vested in the Board shall be transferred to, and vested in Government an6 the rights of all creditors of the Board under this Act shaU continue as against Govern- ment to the exlcllt of the property so transferred to and vesied in them.

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